Heartless Head

Image courtesy of www.resologics.com

Businesses have been drastically affected by the pandemic. Although small-scale entrepreneurs that are mostly into home-made products are thriving, other businesses are feeling the effects in their finances. Among the worst hit investments are in the health and lifestyle industries, as activities requiring touching are disallowed.

Gyms, spas, aesthetic centers, among others are feeling the pinch due to the many weeks of closure. Even with guidelines, income will not be that lucrative in the coming months, and thus closure is inevitable. The reduced capacity or limited number of users and customers is economically not viable. Membership renewal is diminishing as well.

Unfortunately, pressure coming from a Major Franchisee (MF) is adding to the woes of Local Investors (LIs) of a lifestyle center. With the end of the pandemic still muddled, most LIs already want to close down operations. However, MF has been preventing any such move by the LIs. Allegedly, MF has threatened LIs with the fine print of their contracts and LIs, of course, cannot afford any legal case at this point. LIs can feel the bullying of MF. If the LIs all close down, MF fears having no more centers when things return to normal or when a vaccine is finally available.

Thus, MF is continuously collecting fees related to the franchise, technology, ads, and others, as MF feels that business should go on. The LIs cannot even feel compassion and understanding from MF, who seems to have chosen money over welfare of the LIs.

‘I think I've always been very good at taking advantage of the opportunities that have been given to me, because I didn't have many. Once I got one, I grabbed it with two hands.’ − Victoria Azarenka

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